Employee financial wellness programs

Opportunities to promote financial inclusion

Bibliographic Data

ID6076388
AuthorsMathieu Despard (0000-0001-7590-7908, University of North Carolina at Greensboro), Ellen Frank-Miller (Social Policy Institute, Washington University in St. Louis, St. Louis, MO, USA), Sophia Fox-Dichter (0000-0003-0016-936X, Social Policy Institute, Washington University in St. Louis, St. Louis, MO, USA), Geraldine Germain (Social Policy Institute, Washington University in St. Louis, St. Louis, MO, USA), Matthew Conan (Neighborhood Trust, New York, New York, USA)
Year2020
Volume28
Issue3
Pages219-233
Publication date2020-07-02
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueJournal of Community Practice (JOURNAL)
Journal identifiersISSN: 1070-5422 • E-ISSN: 1543-3706
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/10705422.2020.1796878
OpenAlexW3048967590
LanguageEN
Citations received3
References cited26

Employee financial wellness programs (EFWPs) are a new practice that may promote financial inclusion by making it easier for workers with low- and moderate-incomes (LMI) to access financial services. We examine the strengths and limitations of workplace financial counseling, credit-building services, and small-dollar loans, and describe community collaboration to promote employee financial wellness. Findings suggest that these services are reaching a population that experiences financial exclusion, though evidence is mixed concerning how these services help workers with LMI resolve key financial challenges. Community collaboration focused on employee financial wellness presents opportunities to advocate for higher wages and better benefits

Business · Financial inclusion · Financial services · Inclusion (mineral · Liberian dollar · Population · Employment and Welfare Studies · Financial Literacy, Pension, Retirement Analysis · Medicine · Psychology · Retirement, Disability, and Employment · Finance

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